FAQ

Kid$Vest is a platform that teaches youth budgeting, saving, and investment techniques so they become financially capable throughout their life. Kids can’t learn, understand, or practice what they haven’t been taught. So, it is up to us as parents, teachers, and communities to make sure every kid has opportunities to reach their own personal DreamLife. Kid$Vest can make sure this happens by first teaching our kids about financial knowledge, then showing them action steps to financial security!

A Kid$Vest Committee is organized with School Administration and Board, Teachers, Students, and Business leaders. This stakeholder group designs and implements, with Kid$Vest oversight, The Kid$Vest Model in your community. Just call or email Kid$Vest in the Contact section above and we’ll help you set up a model program in your community.

If you become a Kid$Club Member you will be able to tell your story about your financially successes and failures. We all have both and sharing may help others avoid our mistakes or inspire them to emulate our successes. Regardless, learning together to become more financially free is what Kid$Vest is all about!

You, your parents, or your grandparents can put up to $5,500 dollars in your Roth IRA per year. Whatever the dollar amount you earn, you can put in your Roth IRA account. If you are a minor under age 18, have your parents sponsor you. Can’t afford the maximum contribution, no matter? Anything you put away in your retirement account now has roughly 40-45 years to grow and compound. It will still be a big number by then.

You can become a Kid$Club Member simply by signing up. It’s Free! As a Club Member, you will also receive our weekly blog and monthly newsletter. You can tell us “the story of you”—what are your passions, goals and financial successes and failures. We all have a story and we want to know yours. Once you become a Kid$Club member you can also initiate your Roth IRA through our financial partner, Fidelity. This fantastic financial firm offers no-cost Roth IRA’s and you can select numerous low-cost Mutual Funds and ETFs for your investments.

You can ask your parent to discuss financial situations with you like college debt, car debt and investment assistance. They can also help you initiate a Roth IRA and might even help you fund it or at least match funds you earn at part-time or full-time work.

If you save between 10-20% of your income for savings, emergency funds, investment and retirement, you will likely have a successful and happy life. This 20% number is the goal throughout your life, but is nearly impossible when you are young. So, start out saving 2-10% of your income in your teens and twenties and gradual move up the financial income ladder.